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Pleasanton, Calif., pays off $7.8 million toward its pension obligations for workers

from San Jose Mercury News

Pleasanton, Calif.'s recent push to lower its pension obligations took another step forward as the City Council recently agreed to pay off a small portion of its unfunded liability. The council, through its consent calendar, authorized the city manager to pay off just over $7.8 million toward a CalPERS side fund related to police retirement. more

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